Agenda

Thursday, March 21

10:30 a.m.

Registration and Coffee

11:30 a.m. - 12:30 p.m.

The Donald F. Clifford, Jr. Distinguished Lecture on Consumer Law: The Consumer Advocate's Perspective

Michael D. Calhoun, President, Center for Responsible Lending

Mike Calhoun serves as President of the Center for Responsible Lending (CRL), a nonpartisan, nonprofit research and policy institute focusing on consumer lending issues. CRL is the policy affiliate of Self-Help, the nation’s largest community development lender. Self-Help has provided over $6.4 billion in financing for first time homeowner loans and small business loans. Calhoun was a principal drafter of the North Carolina acts regulating predatory mortgage loans and mortgage brokers and lenders. He has over twenty-five years of experience in consumer lending, has authored numerous papers on the subject, and has testified before Congress and many state legislatures. Prior to working for CRL, Calhoun was the head of several lending divisions at Self-help, including the secondary mortgage market programs. He is a former member and chair of the Federal Reserve Consumer Advisory Committee.

The Clifford Distinguished Lecture on Consumer Law was established by the UNC School of Law and friends following Professor Clifford’s death. Don Clifford was the Aubrey L. Brooks Professor and served as a faculty member of Carolina Law from 1964 to 2004, specializing in commercial and consumer law. He founded the law school’s very successful Festival of Legal Learning and served as a member of the Board of Advisors for the Center for Banking and Finance.

12:30 p.m. - 1:00 p.m.

Lunch (Included)

1:00 p.m. - 1:50 p.m.

After Lunch Remarks

James M. Strother, Senior Executive Vice President and General Counsel Legal Group, Wells Fargo

Jim Strother became executive vice president and General Counsel of Wells Fargo & Company in late 2003. He is responsible for the legal affairs of the company. Strother began his legal career with Larkin, Hoffman, Daly & Lindgren. He then joined Norwest as Counsel and was promoted to Assistant General Counsel, and then to Vice President and Assistant General Counsel. He joined Wells Fargo in 1998 as executive vice president, General Counsel and Secretary of Wells Fargo Home Mortgage. In 2001, Strother was named a deputy general counsel of Wells Fargo & Company, responsible for legal services for all the company’s consumer businesses including lending, deposits, retail brokerage services, insurance, and information sharing.

1:50 p.m. - 2:00 p.m.

Break

2:00 p.m. - 3:30 p.m.

Dodd-Frank Act Implementation

The panel will discuss the status of the implementation of the Dodd-Frank Act by the federal banking agencies and the FSOC. The panel will provide an overview of implementation, review affiliate transactions under Section 23A and Regulation W, discuss the prudential regulations under Sections 165 and 166 of Dodd-Frank, and explore interagency examination coordination.

• John A. Beccia, III, Boston Private Financial Holdings, Inc., Boston, MA
• Scott A. Cammarn, Cadwalader, Wickersham & Taft LLP, Charlotte (co-coordinator)
• A. Patrick Doyle, Arnold & Porter, LLP, Washington, DC (co-coordinator)
• Patricia A. Robinson, Wachtell, Lipton, Rosen & Katz, New York, NY 
• James E. Scott, Adjunct Professor, Boston University School of Law, Boston, MA

3:30 p.m. - 3:45 p.m.

Break

3:45 p.m. - 5:00 p.m.

Preemption: The Continuing Saga

The panel will discuss the evolving role of preemption in a post-Dodd-Frank world. The panel will offer the perspectives of a regulator, a litigator, and an in-house practitioner advising a major financial institution.

• Walter Dellinger, O’Melveny & Myers LLP, Washington, DC
• Phillip A. Wertz, Bank of America, Charlotte
• Julie L. Williams, Promontory Financial Group, LLC, Washington, DC

5:00 p.m. - 6:00 p.m.

Reception: Sponsored by The Clearing House

This opportunity to mix and mingle with the participants, including program speakers and the law students who produced the North Carolina Banking Institute Journal is always a highlight of the Banking Institute.

The Clearing House is the oldest banking association and payments company in the U.S., having been established in 1853. It is owned by the world's largest commercial banks. The Clearing House Payments Company provides payment, clearing, and settlement services to its member banks and other financial institutions, clearing almost $2 trillion daily and representing nearly half of the automated-clearing-house, funds-transfer, and check-image payments made in the United States. The Clearing House Association, LLC is a nonpartisan advocacy organization representing the interests of its owner banks on a variety of important banking issues.

We are grateful to The Clearing House for its generous support of this reception and of our New York Lecture Series.

6:00 p.m. - 6:45 p.m.

2013 Banking Institute Annual Dinner**

This is a separately ticketed event, but it is included without additional charge for all speakers, students, those attending as corporate sponsors, or on other special admission rates. Please consider attending to spend more time meeting and talking with colleagues and to hear the after-dinner remarks.

The Second Annual George and Susan Beischer Address:

Robert B. Albertson, Principal & Chief Strategist, Investment Strategy, Sandler O’Neill + Partners, LP

Robert Albertson is a Principal and Chief Strategist of Sandler O’Neill + Partners. He heads Sandler O’Neill’s Investment Strategy Group, which guides the firm’s outlook on the financial services sector. He provides investment strategy for institutional investors, consults with firm clients, and works closely with the firm’s Executive Committee. Albertson is also involved in the firm’s activities in emerging markets, particularly Brazil and China. Albertson’s previous employment included Managing Director, U.S. Bank Equities Research at Smith Barney; Director of U.S. Bank Research and Global Coordinator for financial research at Goldman Sachs & Co.; and founder and President of Pilot Financial, a global financial sector investment fund focused on European, Latin, and U.S. banks, brokers and specialty finance companies. Albertson is a member of the Bretton Woods Committee, a member and former President of the Bank & Financial Analysts Association, and is a regular speaker before banking industry and supervisory organizations.

In the Beischer Challenge George and Sue Beischer agreed to match up to $1 million of gifts and pledges to the Center for Banking and Finance. The gift was completed in 2011 and celebrated at the William Horn Battle Society Dinner on April 15, 2011. In honor of this transformative gift to the Center, its board of advisors voted to name the after-dinner address at the annual Banking Institute in honor of the Beischers. We mourn George’s death in September 2011, and are pleased that the Beischer Address will be an annual opportunity to remember George and to thank the Beischers for their generosity.

Friday, March 22

7:45 a.m. - 8:30 a.m.

Continental Breakfast

8:30 a.m. - 9:45 a.m.

Operational Risk - The New Supervisory Priority

This panel will provide a working definition of operational risk, identify its key components, outline the supervisory expectations of bank regulators, discuss how institutions are responding to those expectations, and review the enforcement and litigation consequences of operations risk failures. The panel will also address the role of counsel in assisting client institutions in their operational risk mitigation efforts.

• John E. Bowman, Venable LLP, Washington, DC
• Eugene M. Katz, Wells Fargo & Company, Charlotte (coordinator)
• Richard J. Parsons, Charlotte
• Julie L. Williams, Promontory Financial Group, Washington, DC

9:45 a.m. - 10:00 a.m.

Break

10:00 a.m. - 11:10 a.m.

Bank Capital

This panel will discuss current regulatory capital and liquidity coverage topics, including recent U.S. regulatory capital and liquidity developments, and current Basel Committee and other international initiatives and their relevance to U.S. regulatory and supervisory activities. The panel will also consider the impact of regulatory capital and liquidity developments on the capital-raising, funding, securitization, and balance sheet activities of U.S. banking organizations.

• Phil Capling, Senior Vice President, Wells Fargo Bank N.A., Charlotte
• Steven M. Friedman, Managing Director, Bank of America, Charlotte
• Carol A. Hitselberger, Mayer Brown LLP, Charlotte (co-coordinator)
• Charles M. Horn, Morrison & Foerster LLP, Washington, DC (co-coordinator)

11:15 a.m. - 12:30 p.m.

The Consumer Financial Protection Bureau

The panel will focus on initiatives and significant actions of the Consumer Financial Protection Bureau as the agency nears its second anniversary. The CFPB has emerged as one of the most powerful and influential agencies in Washington with responsibility over virtually all bank and non-bank providers of retail and consumer financial services. Following an overview of the CFPB’s functions, the panel will offer insights in the Bureau’s exercise of its three primary powers – rulemaking, supervision, and enforcement – concluding with the panelists’ prognostications regarding Bureau actions in 2013 and beyond.

• Lynne B. Barr, Goodwin Procter LLP, Boston, MA
• Meredith Fuchs, Consumer Financial Protection Bureau, Washington, DC
• Donald C. Lampe, Dykema Gossett PLLC, Charlotte (coordinator)
• Eric J. Mogilnicki, WilmerHale, Washington, DC
• Roberta G. Torian, Reed Smith LLP, Philadelphia, PA

12:30 p.m. - 2:30 p.m.

Center for Banking and Finance Board of Advisors Luncheon Meeting